If your down payment on a home is less than 20%, or if you refinance a mortgage with less than 20% equity, you will be required to pay Private Mortgage Insurance by your lender. What is PMI? Also known as PMI, this insurance policy protects the lender from losing their investment should you end up […]
We love helping clients find their dream homes, but we never want them to fall into the trap of buying more than they can actually afford. While lending standards are designed to protect you (and the bank’s investment), many people qualify for a mortgage that is really more monthly expense than they can handle. When […]
If you are getting ready to buy your first home, or maybe you haven’t purchased a property in some time, there are some important steps to take before you can make an offer on a property. Getting pre-approved for a mortgage is essential if you want your offer to be considered seriously, and will be […]
